TITLE

Carry Trade To Weigh On Koruna

PUB. DATE
October 2007
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Oct2007, Vol. 14 Issue 10, p1
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article analyzes the implications of the problems surrounding global credit and equity markets for currency trade in Czech Republic. Although there is an increase in global risk aversion, the appreciation in the Czech koruna increased in the foreign exchange market in August 2007. The author forecasts that the Czech National Bank (CNB) will continue to increase its benchmark interest rate. Exchange rate for Czech koruna is estimated to increase by 3.4 percent in 2007.
ACCESSION #
26551287

 

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